Cardinal Health (NYSE:CAH) Downgraded to Hold at Argus

Argus cut shares of Cardinal Health (NYSE:CAH) from a buy rating to a hold rating in a research note issued to investors on Wednesday, November 15th, Marketbeat reports.

CAH has been the subject of a number of other research reports. Zacks Investment Research upgraded Cardinal Health from a sell rating to a hold rating in a report on Wednesday, November 8th. Royal Bank Of Canada initiated coverage on Cardinal Health in a report on Tuesday, September 19th. They set a sector perform rating and a $72.00 target price for the company. BidaskClub lowered Cardinal Health from a sell rating to a strong sell rating in a report on Wednesday, August 16th. UBS reiterated a neutral rating and set a $76.00 price objective (down previously from $79.00) on shares of Cardinal Health in a report on Wednesday, August 9th. Finally, Needham & Company LLC reiterated a hold rating on shares of Cardinal Health in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $73.91.

Cardinal Health (CAH) traded up $2.12 during midday trading on Wednesday, reaching $61.02. The company had a trading volume of 6,033,358 shares, compared to its average volume of 2,442,061. Cardinal Health has a 12 month low of $54.66 and a 12 month high of $84.88. The stock has a market capitalization of $18,530.15, a P/E ratio of 11.18, a PEG ratio of 1.70 and a beta of 0.85. The company has a quick ratio of 0.52, a current ratio of 1.06 and a debt-to-equity ratio of 1.35.

Cardinal Health (NYSE:CAH) last announced its quarterly earnings data on Monday, November 6th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.09. Cardinal Health had a return on equity of 25.24% and a net margin of 0.84%. The business had revenue of $32.64 billion for the quarter, compared to the consensus estimate of $33.48 billion. During the same period in the previous year, the business earned $1.24 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. sell-side analysts anticipate that Cardinal Health will post 4.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be paid a $0.4624 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Friday, December 29th. Cardinal Health’s dividend payout ratio is presently 53.78%.

A number of institutional investors have recently modified their holdings of CAH. Steward Partners Investment Advisory LLC acquired a new stake in shares of Cardinal Health during the 3rd quarter worth approximately $102,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of Cardinal Health by 31.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,583 shares of the company’s stock worth $123,000 after purchasing an additional 382 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of Cardinal Health by 18.4% during the 2nd quarter. Advisory Services Network LLC now owns 1,739 shares of the company’s stock worth $136,000 after purchasing an additional 270 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in shares of Cardinal Health by 14.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,949 shares of the company’s stock worth $152,000 after purchasing an additional 244 shares during the last quarter. Finally, Dupont Capital Management Corp purchased a new stake in shares of Cardinal Health during the 2nd quarter worth $164,000. 88.47% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Cardinal Health (NYSE:CAH) Downgraded to Hold at Argus” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.dispatchtribunal.com/2017/12/04/cardinal-health-inc-cah-downgraded-by-argus-to-hold.html.

Cardinal Health Company Profile

Cardinal Health, Inc is a healthcare services and products company. The Company operates through two segments: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies.

Analyst Recommendations for Cardinal Health (NYSE:CAH)

Receive News & Ratings for Cardinal Health Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Health Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply